Syed Mahbubur Rahman, managing director of Mutual Trust Bank (MTB), saw a slight improvement in the dollar crisis, but said the crisis was still there.
“We still cannot open letters of credit (LCs) as per the demand of the customers. Foreign trade cannot be done as easily as before. Foreign banks do not give loans or limits for more than 6 months,” he said, adding that they are trying to handle the crisis with export and remittance earnings.
Bangladesh Bank spokesman Sarwar Hussain said that despite the decrease in imports, there is no shortage of products in the country. There is no scope for money laundering abroad through this channel as all LCs are now being fully verified. There has been an increase in the supply of dollars to banks as well as inter-bank transactions, indicating an easier situation.